MTN takes mobile banking to Ghana

30 July 2009

Pan-African mobile operator MTN has launched its Mobile Money offering in Ghana, allowing users in the west African country to perform a range of basic financial transactions over their phones without having to have bank accounts.

MTN recently launched the same service in Uganda, Cote d’Ivoire and Nigeria.

MTN Ghana CEO Brett Goschen said in a statement last week that making transactions via MTN Mobile Money was “convenient, accessible, safe and easy”, giving “cash management freedom” to subscribers to MTN’s network.

Goschen added that the platform also allowed non-MTN customers, including those without mobile phones, to transfer or receive money using the services of authorised MTN Mobile Money merchants.

To make the service possible, MTN had entered partnerships with CAL Bank, Ecobank, Fidelity Bank, GTBank, Intercontinental Bank, Merchant Bank, UBA, Stanbic, and Zenith Bank in the country.

“The secured system and processes conform to best practices in the industry and are highly regulated by the relevant authorities,” Goschen said.

This service will also be available on the internet.

SAinfo reporter

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